ABC's diluted earnings per share should be (round answer to two decimal places)

Q: On January 2, 2020, Tuao Company purchased 10% of Abulug Company's outstanding ordinary shares for…

A: GIVEN   On January 2, 2020, Tuao Company purchased 10% of Abulug Company's outstanding ordinary…

Q: (Use the PFRS for SMEs) On December 31, 2021, Taher Co. acquired 30% of the ordinary shares that…

A: Associate - It is an entity where the investors hold significant interest or influence but it is not…

Q: ABC Company had the following capital structure during 2020 and 2021: Preference share capital, P10…

A: Answer) Calculation of Basic Earnings per Share Basic earnings per share = Earnings available for…

Q: On January 1, 2020, Chico Company purchased 10% of Winona Company’s outstanding ordinary shares for…

A: Introduction: If an investor owns between 20% to 50% of shares of the investee company, it is…

Q: Avalanche Inc. revealed the following information for the year ended December 31, 2021: Preference…

A: Legal capital is the par value of total outstanding shares . It is that amount of company capital…

Q: What amount should Eduardo report as total revenue related to its investment in Letecia Company for…

A: 1. Preference shares have first right to get Dividend.  After that            comes ordinary shares.…

Q: On April 1,2020, ABC Corporation, a newly formed company, had the following shares issued and…

A: Legal Capital is that part of the equity stock owners who are not allowed to liquidate their…

Q: Honest Company was incorporated on January 1, 2020 with P5,000,000 from the issuance of share…

A: Liabilities: It is the amount the company is liable to payoff in the accounting life of the company.…

Q: Panca Corporation is the parent company of Sekawan Corporation, with 90% of ownership. The following…

A: EPS = Net income / No. of outstanding shares

Q: On January 1, 2021, the Swiss Company purchased 10,000 ordinary shares at P80 per share to be…

A: Right shares are the shares issued after original issue to the existing shareholder to purchase more…

Q: On January 1, 2021, Sampson Co. purchased 100,000, representing 10% of Fraser's outstanding shares.…

A:

Q: On 1 July 2022, Kangeroo Ltd acquired all the issued shares of Koala Ltd, paying $60,000 cash and…

A: When a company acquire the shares of  other company partly or fully, it has to prepare the…

Q: Compute for the non-controlling interest (NCI) on June 30, 2023.

A: Consolidated financial statements are the financial statements of a group consisting of multiple…

Q: COVAX Corporation was organized on January 1, 2020, at which date it issued 100,000 shares of P10…

A: In case of a company the shareholders are the owners of the company.

Q: Gangnamn Inc owns 50% of Ps

A: An income statement is one of the financial statements which have to be prepared by the company at…

Q: Anil Corporation was organized on January 1, 2019. On that date, it issued 500,000, P10 par value,…

A: Balance sheet is the financial statement that records all the assets, liabilities and stockholders'…

Q: Rain and Bow Company was incorporated on January 1, 2019 with proceeds from the issuance of…

A: BALANCE SHEET   Balance sheet is one of the important financial statements of the Company. Balance…

Q: , 2022, Wayne Corporation acquired 55,000 common shares of Garth Company for $30 each. At the time,…

A: A journal entry is a basic accounting record that is used to chronologically track financial…

Q: A. On 1 July 2020, Alba Bbd. acquired 30 per cent of the ordinary shares that carry voting rights at…

A: Investment in Equity Method Investment in equity method which are calculated on  cost basis and not…

Q: ABC Company paid dividends of P400,000 and P600,000 at the end of 2020 and 2021, respectively. The…

A: Formula: Preferred dividend = Total Preference shares x PAR Value x Preferred rate.

Q: Princess Corp. purchased 100,000 ordinary shares at P80 per share on January 1, 2020. These shares…

A: The ordinary shares means the shares whose shareholders have the right to participate in the…

Q: P. assets nt and equipment 34,600 12,000 46,600 abilities of $0,5 each ings 10,000 25,400 35.400

A:

Q: On 1 July 2019, Quick Buck Ltd took control of the assets and liabilities of Eldorado Ltd. Quick…

A: Goodwill = Purchase Consideration - Net identifable assets Where, Net identifable assets = Total…

Q: On January 1, 2019, ALUCARD Co. acquired 80% interest in BERTHOLD, Inc. by issuing 5,000 shares with…

A: The consolidated financial statement refers to the financial statement prepared by the parent…

Q: Koreans Ltd owned 300,000 of Marley Ltd shares. On 31 December 2019, when Koreans' account…

A: The shareholders' equity is reduced by canceling shares and repurchasing shares called buybacks.…

Q: On June 30, 2021, ABC Company acquired 50,000 representing 25% ownership interest in Arthur…

A: Introduction: A share is a unit of equity ownership of a company. Dividends are paid to shareholders…

Q: On 1 January 2020, the company "A" S.A. had a common share capital of 2,000,000€, differences from…

A: Date Particulars Amount in Dr. Amount in Cr. 1/5/2020 Ordinary Share Capital A/c    To Bank A/c…

Q: BT21 Company was incorporated on January 1, 2021, with proceeds from the issuance of P7,500,000 in…

A: Cash paid for liabilities = borrowed funds + operating costs and expenses + dividend payable -…

Q: On January 1, 2021, the Swiss Company purchased 20,000 ordinary shares at P100 per share to be…

A: Right offers are the offers given after original issue to the current investor to buy a greater…

Q: The Shareholders’ Equity of Purple Corporation showed the following: Ordinary Share capital, P 10…

A: Solution : Cost per share issued = (P9,000,000 + P2,700,000) / 900000 = P13 per share Purchase price…

Q: On June 1, 2020, Ping Corp. purchased 10,000 of Pong's 50,000 outstanding shares at a price of P6.00…

A: The correct statement is

Q: On July 1, 2021, Orange Company, purchased 10,000 ordinary shares of Juce Corporation at P150 per…

A: A company on which investor have significant influence is called as associate. When accounting for…

Q: BC Corporation has an investment of 4,000,000 shares in XYZ Corporation. On December 31, 2021, ABC…

A: Shareholders also invest money in the company and in return they become the owners in proportion to…